Page 1 of 2 12 LastLast
Results 1 to 10 of 15
Like Tree30Likes

Thread: Save Our Pensions Rally July 12 in Columbus, Ohio

  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    37,658
    Rep Power
    859

    Default Save Our Pensions Rally July 12 in Columbus, Ohio

    Car caravans and busloads of active and retired Teamsters, Mineworkers and a range of allies will converge on Columbus, Ohio for a rally Thursday, July 12. Thousands are being mobilized by the pension action committees of the National United Committee to Protect Pensions.

    These committees, anchored by Teamster retirees, are calling on the Congressional Joint Select Committee on Pensions to find a legislative solution to the pension crisis based on the Butch Lewis Act that was introduced at the end of the 2017 term.

    The rally commences at 11 am at the Ohio State Capitol.

    Senator Sherrod Brown and other Democratic and Republican members of the Joint Select Committee will hold a hearing on Friday, July 13 in Columbus. Representatives of the NUCPP will be present at the hearing.
    Save Our Pensions Rally July 12 in Columbus, Ohio - Teamsters for a Democratic Union
    2631 and 222lifer like this.

  2. #2
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    12,771
    Rep Power
    304

    Default Re: Save Our Pensions Rally July 12 in Columbus, Ohio

    Yes, I understand the above post is about saving the failing pensions across the country, mostly private sector pensions.
    But it is the CSPF that was decimated by the Wall Street thieves that plundered it's assets under the direction of the US Government.
    So this article highlights public sector pensions. It affects us all, but Wall Street seems immune.
    By Exploiting and Mismanaging Public Pensions, Wall Street Has Cost Taxpayers $600 Billion Over Last Decade
    "Most people (including policymakers) still have no idea that skimming fees off public employees' retirement savings has become one of the largest sources of profits for Wall Street moguls."
    In a frenzied bid for higher profits in the decade following the 2008 financial crisis, Wall Street pension fund managers have siphoned as much as $624 billion from Americans' retirement savings—and, as a direct result, taxpayer coffers—through a vicious combination of high fees and foolish investment strategies, according to an analysis published Thursday by Yahoo Finance.
    "Because pensions are guaranteed, the underperformance has hit taxpayers in the form of budget cuts for schools, hospitals, and libraries and decreased spending on infrastructure, healthcare, and other public projects."
    The steepest costs to taxpayers have stemmed from Wall Street pension managers' commitment to so-called alternative funds, which invest in private equity and hedge funds rather than traditional stocks and bonds.
    "The total amount pension funds could have saved by simply investing in index funds could be more than $1 trillion," notes Yahoo Finance reporter Dion Rabouin. "Because pensions are guaranteed, the underperformance has hit taxpayers in the form of budget cuts for schools, hospitals, and libraries and decreased spending on infrastructure, healthcare, and other public projects."
    https://www.commondreams.org/news/20...-taxpayers-600
    2631, ABFwife and 222lifer like this.

  3. #3
    I Am Rocking Now

    Join Date
    Apr 2010
    Local Union
    89
    Employer
    Allied
    Posts
    8,679
    Rep Power
    281

    Default Re: Save Our Pensions Rally July 12 in Columbus, Ohio

    We will never get a dime
    central States just let Kroger out too
    the rest of us will starve

    Obama was knee deep shoveling cash out of the treasury and not one dime for the people

  4. #4
    Steward

    Join Date
    Aug 2010
    Local Union
    848
    Employer
    Nature's Best
    Location
    california usa
    Posts
    6,021
    Rep Power
    250

    Default Re: Save Our Pensions Rally July 12 in Columbus, Ohio

    Quote Originally Posted by strapdrager View Post
    We will never get a dime
    central States just let Kroger out too
    the rest of us will starve

    Obama was knee deep shoveling cash out of the treasury and not one dime for the people


    You believe Obama has something to do with this?
    Last edited by fedexnuno; 1 Week Ago at 10:21 PM.

  5. #5
    I Am Rocking Now

    Join Date
    Apr 2010
    Local Union
    89
    Employer
    Allied
    Posts
    8,679
    Rep Power
    281

    Default Re: Save Our Pensions Rally July 12 in Columbus, Ohio

    Quote Originally Posted by fedexnuno View Post

    You believe Obama has something to do with this?
    I know that while he was spending massive amounts of cash we didn’t see a dime

  6. #6
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    25,728
    Rep Power
    1127

    Default Re: Save Our Pensions Rally July 12 in Columbus, Ohio

    Quote Originally Posted by strapdrager View Post
    I know that while he was spending massive amounts of cash we didn’t see a dime
    Left to capitalism to right itself. What a conservative would do.

    Sent from my SM-J327T using Tapatalk

  7. #7
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    12,771
    Rep Power
    304

    Default Re: Save Our Pensions Rally July 12 in Columbus, Ohio

    Quote Originally Posted by strapdrager View Post
    We will never get a dime
    central States just let Kroger out too
    the rest of us will starve

    Obama was knee deep shoveling cash out of the treasury and not one dime for the people
    So far, Trump has shoveled 1.5 TRILLION to corporate America.
    Has he handed out one dime to help your pension or the rest of the citizens ?
    Not while we pay taxes to cover that 1.5 TRILLION he hasn't.
    ABFwife and fedexnuno like this.

  8. #8
    I Am Rocking Now

    Join Date
    Mar 2008
    Local Union
    560
    Employer
    Retired ABF/Red Star
    Location
    S. Carolina
    Posts
    4,684
    Rep Power
    738

    Default Re: Save Our Pensions Rally July 12 in Columbus, Ohio

    Quote Originally Posted by strapdrager View Post
    I know that while he was spending massive amounts of cash we didn’t see a dime
    Am I reading this right? A staunch right wing defender of Trump is unhappy that the government didn't "bail out" his private pension fund. I don't recall him complaining when the republican leadership refused to move the Butch Lewis Act out of committee. I think the senate bill had 22 cosponsors all democrats. The house bill had 167 cosponsors and only 8 republicans had the courage to step up and cosponsor the bill.
    crazy, fxstc07, ABFwife and 2 others like this.

  9. #9
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    25,728
    Rep Power
    1127

    Default Re: Save Our Pensions Rally July 12 in Columbus, Ohio

    Quote Originally Posted by 2631 View Post
    Am I reading this right? A staunch right wing defender of Trump is unhappy that the government didn't "bail out" his private pension fund. I don't recall him complaining when the republican leadership refused to move the Butch Lewis Act out of committee. I think the senate bill had 22 cosponsors all democrats. The house bill had 167 cosponsors and only 8 republicans had the courage to step up and cosponsor the bill.
    My point exactly...

    Quote Originally Posted by 222lifer View Post
    Left to capitalism to right itself. What a conservative would do.


    Sent from my SM-J327T using Tapatalk

  10. #10
    Super Moderator

    Join Date
    Jan 2008
    Local Union
    641
    Employer
    new penn
    Location
    Northeastern PA
    Posts
    22,749
    Rep Power
    851

    Default Re: Save Our Pensions Rally July 12 in Columbus, Ohio

    Quote Originally Posted by 2631 View Post
    Am I reading this right? A staunch right wing defender of Trump is unhappy that the government didn't "bail out" his private pension fund. I don't recall him complaining when the republican leadership refused to move the Butch Lewis Act out of committee. I think the senate bill had 22 cosponsors all democrats. The house bill had 167 cosponsors and only 8 republicans had the courage to step up and cosponsor the bill.
    I do think the government has the responsibility of protecting the Multi Employer pensions.. Not sure about other crafts but how many Teamster Funds were under the government watchdog?? They failed while under government supervision..
    2631, fxstc07 and 222lifer like this.

 

 
Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332